$RBA

2020 Q1 Form 10-Q Financial Statement

#000110465920058173 Filed on May 07, 2020

View on sec.gov

Income Statement

Concept 2020 Q1 2019 Q1
Revenue $273.3M $303.4M
YoY Change -9.94% 16.62%
Cost Of Revenue $120.9M $36.07M
YoY Change 235.19% -1.6%
Gross Profit $152.3M $267.4M
YoY Change -43.04% 431.95%
Gross Profit Margin 55.74% 88.11%
Selling, General & Admin $98.39M $95.18M
YoY Change 3.36% -2.35%
% of Gross Profit 64.6% 35.6%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $19.29M $17.12M
YoY Change 12.73% 5.71%
% of Gross Profit 12.67% 6.4%
Operating Expenses $98.39M $95.18M
YoY Change 3.36% -2.35%
Operating Profit $34.08M $33.59M
YoY Change 1.47% 2.18%
Interest Expense $9.182M $10.82M
YoY Change -15.11% -4.37%
% of Operating Profit 26.94% 32.2%
Other Income/Expense, Net $3.577M $2.039M
YoY Change 75.43% 123.33%
Pretax Income $28.48M $24.81M
YoY Change 14.78% 10.39%
Income Tax $5.648M $6.639M
% Of Pretax Income 19.83% 26.76%
Net Earnings $22.81M $18.16M
YoY Change 25.57% 5.99%
Net Earnings / Revenue 8.35% 5.99%
Basic Earnings Per Share $0.21 $0.17
Diluted Earnings Per Share $0.21 $0.17
COMMON SHARES
Basic Shares Outstanding 109.2M 108.8M
Diluted Shares Outstanding 110.5M 110.0M

Balance Sheet

Concept 2020 Q1 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $290.1M $266.5M
YoY Change 8.86% -4.45%
Cash & Equivalents $290.1M $266.5M
Short-Term Investments
Other Short-Term Assets $38.04M $66.55M
YoY Change -42.84% 35.67%
Inventory $61.75M $75.53M
Prepaid Expenses
Receivables $245.7M $220.5M
Other Receivables $8.100M $7.800M
Total Short-Term Assets $709.5M $693.6M
YoY Change 2.29% 14.4%
LONG-TERM ASSETS
Property, Plant & Equipment $477.3M $469.1M
YoY Change 1.76% -10.29%
Goodwill $670.1M $671.8M
YoY Change -0.25%
Intangibles $225.3M $242.0M
YoY Change -6.89%
Long-Term Investments $0.00 $4.235M
YoY Change -100.0% -38.62%
Other Assets $132.5M $127.1M
YoY Change 4.25% 172.12%
Total Long-Term Assets $1.518B $1.526B
YoY Change -0.51% 1.08%
TOTAL ASSETS
Total Short-Term Assets $709.5M $693.6M
Total Long-Term Assets $1.518B $1.526B
Total Assets $2.228B $2.220B
YoY Change 0.36% 4.9%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $187.8M $181.0M
YoY Change 3.76% 5.97%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $33.08M $8.687M
YoY Change 280.81% 47.24%
Long-Term Debt Due $16.94M $15.65M
YoY Change 8.28% 68.26%
Total Short-Term Liabilities $584.0M $531.5M
YoY Change 9.87% 8.19%
LONG-TERM LIABILITIES
Long-Term Debt $613.5M $687.7M
YoY Change -10.78% -10.81%
Other Long-Term Liabilities $142.6M $129.2M
YoY Change 10.34% 110.43%
Total Long-Term Liabilities $756.1M $816.9M
YoY Change -7.44% -1.86%
TOTAL LIABILITIES
Total Short-Term Liabilities $584.0M $531.5M
Total Long-Term Liabilities $756.1M $816.9M
Total Liabilities $1.383B $1.386B
YoY Change -0.2% 1.6%
SHAREHOLDERS EQUITY
Retained Earnings $714.8M $646.6M
YoY Change 10.55%
Common Stock $199.9M $239.4M
YoY Change -16.46%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $839.8M $828.1M
YoY Change
Total Liabilities & Shareholders Equity $2.228B $2.220B
YoY Change 0.36% 4.9%

Cashflow Statement

Concept 2020 Q1 2019 Q1
OPERATING ACTIVITIES
Net Income $22.81M $18.16M
YoY Change 25.57% 5.99%
Depreciation, Depletion And Amortization $19.29M $17.12M
YoY Change 12.73% 5.71%
Cash From Operating Activities $4.132M $71.90M
YoY Change -94.25% 6.94%
INVESTING ACTIVITIES
Capital Expenditures $3.495M $2.801M
YoY Change 24.78% 9.24%
Acquisitions
YoY Change
Other Investing Activities $2.804M $300.0K
YoY Change 834.67% -93.58%
Cash From Investing Activities -$7.274M -$8.164M
YoY Change -10.9% -38.18%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $46.12M $1.628M
YoY Change 2732.68% -62.25%
Debt Paid & Issued, Net $4.236M $12.24M
YoY Change -65.38% -58.15%
Cash From Financing Activities -48.36M -44.70M
YoY Change 8.2% -1.59%
NET CHANGE
Cash From Operating Activities 4.132M 71.90M
Cash From Investing Activities -7.274M -8.164M
Cash From Financing Activities -48.36M -44.70M
Net Change In Cash -64.33M 17.67M
YoY Change -464.13% 72.5%
FREE CASH FLOW
Cash From Operating Activities $4.132M $71.90M
Capital Expenditures $3.495M $2.801M
Free Cash Flow $637.0K $69.10M
YoY Change -99.08% 6.85%

Facts In Submission

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CY2020Q1 us-gaap Gain On Sale Of Investments
GainOnSaleOfInvestments
1700000
CY2020Q1 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
1282000
CY2019Q1 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
534000
CY2020Q1 us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
46710000
CY2019Q1 us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
-27405000
CY2020Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
4132000
CY2019Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
71903000
CY2020Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3495000
CY2019Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2801000
CY2020Q1 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
7220000
CY2019Q1 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
5625000
CY2020Q1 us-gaap Proceeds From Sale Of Property Held For Sale
ProceedsFromSaleOfPropertyHeldForSale
333000
CY2019Q1 us-gaap Proceeds From Sale Of Property Held For Sale
ProceedsFromSaleOfPropertyHeldForSale
262000
CY2020Q1 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
4212000
CY2020Q1 us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
1700000
CY2020Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
2804000
CY2020Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-7274000
CY2019Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-8164000
CY2020Q1 us-gaap Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
53170000
CY2020Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
21905000
CY2019Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
19568000
CY2020Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
7054000
CY2019Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1628000
CY2020Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2984000
CY2019Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2047000
CY2020Q1 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
29069000
CY2019Q1 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
6741000
CY2019Q1 us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
17946000
CY2020Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
4236000
CY2019Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
12235000
CY2020Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
2189000
CY2019Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1269000
CY2020Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-48361000
CY2019Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-44696000
CY2020Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-12828000
CY2019Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-1376000
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-64331000
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
17667000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
420256000
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
305567000
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
355925000
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
323234000
CY2020Q1 us-gaap Revenues
Revenues
273255000
CY2019Q1 us-gaap Revenues
Revenues
303429000
CY2020Q1 rba Significant Judgments Estimated And Assumptions
SignificantJudgmentsEstimatedAndAssumptions
<p style="font-family:'Times New Roman';font-size:10pt;margin:0pt 0pt 5pt 0pt;"><b style="font-weight:bold;">2.    Significant judgments, estimates and assumptions</b></p><p style="font-family:'Times New Roman';font-size:10pt;margin:0pt 0pt 5pt 0pt;">The preparation of financial statements in conformity with US GAAP requires management to make judgments, estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period.</p><p style="font-family:'Times New Roman';font-size:10pt;margin:0pt 0pt 5pt 0pt;">Future differences arising between actual results and the judgments, estimates and assumptions made by the Company at the reporting date, or future changes to estimates and assumptions, could necessitate adjustments to the underlying reported amounts of assets, liabilities, revenues and expenses in future reporting periods.</p><p style="font-family:'Times New Roman';font-size:10pt;margin:0pt 0pt 5pt 0pt;">Judgments, estimates and underlying assumptions are evaluated on an ongoing basis by management and are based on historical experience and other factors including expectations of future events that are believed to be reasonable under the circumstances. However, existing circumstances and assumptions about future developments may change due to market changes or circumstances and such changes are reflected in the assumptions when they occur. Significant items subject to estimates include purchase price allocations, the carrying amounts of goodwill, the useful lives of long-lived assets, share based compensation, the determination of lease term and lease liabilities, deferred income taxes, reserves for tax uncertainties, and other contingencies.</p><p style="font-family:'Times New Roman';font-size:10pt;margin:0pt;">For the quarter ended March 31, 2020, the Company performed a qualitative assessment of the A&amp;M reporting unit and the Mascus reporting unit with consideration of the current global economic downturn as a result of COVID-19 and the Company concluded there were no indicators of impairment.</p>
CY2020Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
CY2020Q1 us-gaap Revenues
Revenues
273255000
CY2019Q1 us-gaap Revenues
Revenues
303429000
CY2020Q1 rba Employee Compensation Expense
EmployeeCompensationExpense
62495000
CY2019Q1 rba Employee Compensation Expense
EmployeeCompensationExpense
61464000
CY2020Q1 rba Building Facility And Technology Expense
BuildingFacilityAndTechnologyExpense
15591000
CY2019Q1 rba Building Facility And Technology Expense
BuildingFacilityAndTechnologyExpense
15915000
CY2020Q1 rba Travel Advertising And Promotion Expense
TravelAdvertisingAndPromotionExpense
10269000
CY2019Q1 rba Travel Advertising And Promotion Expense
TravelAdvertisingAndPromotionExpense
9142000
CY2020Q1 us-gaap Professional Fees
ProfessionalFees
4447000
CY2019Q1 us-gaap Professional Fees
ProfessionalFees
4075000
CY2020Q1 us-gaap Other Selling General And Administrative Expense
OtherSellingGeneralAndAdministrativeExpense
5583000
CY2019Q1 us-gaap Other Selling General And Administrative Expense
OtherSellingGeneralAndAdministrativeExpense
4588000
CY2020Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
98385000
CY2019Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
95184000
CY2020Q1 us-gaap Depreciation
Depreciation
8037000
CY2019Q1 us-gaap Depreciation
Depreciation
7168000
CY2020Q1 us-gaap Adjustment For Amortization
AdjustmentForAmortization
11256000
CY2019Q1 us-gaap Adjustment For Amortization
AdjustmentForAmortization
9947000
CY2020Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
19293000
CY2019Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
17115000
CY2020Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5648000
CY2019Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6639000
CY2020Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.20
CY2019Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.27
CY2020Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
22809000
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
109248880
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.21
CY2020Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
22809000
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
110482837
CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.21
CY2019Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
18164000
CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
108765489
CY2019Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.17
CY2019Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
18164000
CY2019Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
110044213
CY2019Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.17
CY2020Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
113115000
CY2019Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
91605000
CY2020Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-1297000
CY2019Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-37135000
CY2020Q1 rba Increase Decrease In Advances Against Auction Contracts
IncreaseDecreaseInAdvancesAgainstAuctionContracts
-4923000
CY2019Q1 rba Increase Decrease In Advances Against Auction Contracts
IncreaseDecreaseInAdvancesAgainstAuctionContracts
1041000
CY2020Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
597000
CY2019Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
492000
CY2020Q1 us-gaap Proceeds From Interest Received
ProceedsFromInterestReceived
778000
CY2019Q1 us-gaap Proceeds From Interest Received
ProceedsFromInterestReceived
855000
CY2020Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
12442000
CY2019Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
6339000
CY2020Q1 us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
3502000
CY2020Q1 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
1217000
CY2019Q1 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
1458000
CY2020Q1 rba Increase Decrease In Auction Proceeds Payable
IncreaseDecreaseInAuctionProceedsPayable
72687000
CY2019Q1 rba Increase Decrease In Auction Proceeds Payable
IncreaseDecreaseInAuctionProceedsPayable
120036000
CY2020Q1 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-3138000
CY2019Q1 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-36887000
CY2020Q1 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-5030000
CY2019Q1 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
1496000
CY2020Q1 rba Increase Decrease In Operating Lease Obligation
IncreaseDecreaseInOperatingLeaseObligation
-2310000
CY2019Q1 rba Increase Decrease In Operating Lease Obligation
IncreaseDecreaseInOperatingLeaseObligation
-2296000
CY2020Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-210000
CY2019Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
2517000
CY2020Q1 us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
46710000
CY2019Q1 us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
-27405000
CY2020Q1 us-gaap Interest Paid Net
InterestPaidNet
15171000
CY2019Q1 us-gaap Interest Paid Net
InterestPaidNet
16521000
CY2019Q1 us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
2564000
CY2020Q1 rba Right Of Use Asset Obtained Reassessed In Exchange For Operating Lease Liability
RightOfUseAssetObtainedReassessedInExchangeForOperatingLeaseLiability
-1001000
CY2019Q1 rba Right Of Use Asset Obtained Reassessed In Exchange For Operating Lease Liability
RightOfUseAssetObtainedReassessedInExchangeForOperatingLeaseLiability
784000
CY2020Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
290094000
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
359671000
CY2020Q1 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
65831000
CY2019Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
60585000
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
355925000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
420256000
CY2019Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
22184000
CY2020Q1 us-gaap Other Assets Current
OtherAssetsCurrent
38043000
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
5225000
CY2020Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-658000
CY2020Q1 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
2156000
CY2020Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
3727000
CY2020Q1 rba Advances Against Auction Contracts
AdvancesAgainstAuctionContracts
7830000
CY2019Q4 rba Advances Against Auction Contracts
AdvancesAgainstAuctionContracts
12925000
CY2020Q1 us-gaap Assets Held For Sale Not Part Of Disposal Group Current
AssetsHeldForSaleNotPartOfDisposalGroupCurrent
8163000
CY2019Q4 us-gaap Assets Held For Sale Not Part Of Disposal Group Current
AssetsHeldForSaleNotPartOfDisposalGroupCurrent
15051000
CY2020Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
22050000
CY2019Q4 us-gaap Other Assets Current
OtherAssetsCurrent
50160000
CY2019Q4 us-gaap Assets Held For Sale Not Part Of Disposal Group Current
AssetsHeldForSaleNotPartOfDisposalGroupCurrent
15051000
CY2020Q1 rba Reclassified Assets Held For Sale
ReclassifiedAssetsHeldForSale
-6888000
CY2020Q1 us-gaap Assets Held For Sale Not Part Of Disposal Group Current
AssetsHeldForSaleNotPartOfDisposalGroupCurrent
8163000
CY2020Q1 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
13493000
CY2019Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
11999000
CY2020Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
132476000
CY2019Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
145679000
CY2020Q1 us-gaap Short Term Borrowings
ShortTermBorrowings
33081000
CY2019Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
4705000
CY2020Q1 us-gaap Long Term Debt
LongTermDebt
630480000
CY2019Q4 us-gaap Long Term Debt
LongTermDebt
645481000
CY2020Q1 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
663561000
CY2019Q4 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
650186000
CY2020Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
16944000
CY2019Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
18277000
CY2020Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
613536000
CY2019Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
627204000
CY2020Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
107646000
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
116209000
CY2020Q1 rba Tax Receivable Noncurrent
TaxReceivableNoncurrent
10126000
CY2019Q4 rba Tax Receivable Noncurrent
TaxReceivableNoncurrent
11792000
CY2019Q4 us-gaap Equity Method Investments
EquityMethodInvestments
4276000
CY2020Q1 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
1211000
CY2019Q4 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
1403000
CY2020Q1 us-gaap Long Term Debt
LongTermDebt
630480000
CY2019Q4 us-gaap Long Term Debt
LongTermDebt
645481000
CY2020Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
103947000
CY2019Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
111322000
CY2020Q1 rba Tax Payable Noncurrent
TaxPayableNoncurrent
19189000
CY2019Q4 rba Tax Payable Noncurrent
TaxPayableNoncurrent
20232000
CY2020Q1 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
16602000
CY2019Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
16336000
CY2020Q1 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
2831000
CY2019Q4 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
3348000
CY2020Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
142569000
CY2019Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
151238000
CY2020Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2020Q1 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
1525312
CY2020Q1 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
53170000
CY2019Q1 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
0
CY2020Q1 us-gaap Adjustment For Long Term Intercompany Transactions Net Of Tax
AdjustmentForLongTermIntercompanyTransactionsNetOfTax
7492000
CY2019Q1 us-gaap Adjustment For Long Term Intercompany Transactions Net Of Tax
AdjustmentForLongTermIntercompanyTransactionsNetOfTax
855000
CY2020Q1 rba Equity Classified Share Unit Expense
EquityClassifiedShareUnitExpense
1786000
CY2019Q1 rba Equity Classified Share Unit Expense
EquityClassifiedShareUnitExpense
2368000
CY2020Q1 rba Liability Classified Share Units
LiabilityClassifiedShareUnits
-1156000
CY2019Q1 rba Liability Classified Share Units
LiabilityClassifiedShareUnits
150000
CY2020Q1 rba Employee Stock Purchase Plan Espp Compensation Expense
EmployeeStockPurchasePlanEsppCompensationExpense
590000
CY2019Q1 rba Employee Stock Purchase Plan Espp Compensation Expense
EmployeeStockPurchasePlanEsppCompensationExpense
553000
CY2020Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2407000
CY2019Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4610000
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2797189
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
29.05
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y1M6D
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
38874000
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
642380
CY2020Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
40.64
CY2020Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
247446
CY2020Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
28.51
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
3536000
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
22016
CY2020Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
30.11
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
1201
CY2020Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
21.82
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3168906
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
31.44
CY2020Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y7M6D
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
13039000
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
1790002
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
27.68
CY2020Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P6Y6M
CY2020Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
11638000
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0075
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.025
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0202
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0206
CY2020Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y
CY2019Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.273
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.268
CY2020Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
7472000
CY2020Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y7M6D
CY2020Q1 rba Employee Stock Purchase Plan Maximum Annual Contributions Per Employee Percent
EmployeeStockPurchasePlanMaximumAnnualContributionsPerEmployeePercent
0.04
CY2020Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
4501000
CY2019Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
5212000
CY2020Q1 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
2114000
CY2019Q1 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
1760000
CY2020Q1 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
233000
CY2019Q1 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
155000
CY2020Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
2880000
CY2019Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
2565000
CY2020Q1 us-gaap Sublease Income
SubleaseIncome
148000
CY2019Q1 us-gaap Sublease Income
SubleaseIncome
154000
CY2020Q1 us-gaap Lease Cost
LeaseCost
9580000
CY2019Q1 us-gaap Lease Cost
LeaseCost
9538000
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
11659000
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
12770000
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
11619000
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
10146000
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
8608000
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
101434000
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
156236000
CY2020Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
42051000
CY2020Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
114185000
CY2020Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
10238000
CY2020Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
103947000
CY2020Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P15Y7M6D
CY2020Q1 us-gaap Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
0.042
CY2020Q1 rba Long Term Purchase Commitment Amount Purchased
LongTermPurchaseCommitmentAmountPurchased
40878000
CY2020Q1 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
6601000
CY2020Q1 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
7599000
CY2020Q1 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
5790000
CY2020Q1 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
3970000
CY2020Q1 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
1944000
CY2020Q1 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
125000
CY2020Q1 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
26029000
CY2020Q1 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
1522000
CY2020Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
24507000
CY2020Q1 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
7905000
CY2020Q1 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
16602000
CY2020Q1 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P3Y6M
CY2020Q1 us-gaap Lessee Finance Lease Discount Rate
LesseeFinanceLeaseDiscountRate
0.038
CY2020Q1 rba Lessee Finance Sublease Future Minimum Payments
LesseeFinanceSubleaseFutureMinimumPayments
451000
CY2017 us-gaap Longterm Purchase Commitment Period
LongtermPurchaseCommitmentPeriod
P2Y
CY2017 rba Long Term Purchase Commitment Period Options To Extend
LongTermPurchaseCommitmentPeriodOptionsToExtend
P4Y
CY2017 rba Long Term Purchase Commitment Options To Extend Exercised
LongTermPurchaseCommitmentOptionsToExtendExercised
P1Y
CY2020Q1 rba Guarantor Obligations Proceeds On Auction Sale
GuarantorObligationsProceedsOnAuctionSale
110703000
CY2020Q1 rba Guarantor Obligations Proceeds On Auction Sale Proceeds Percentage
GuarantorObligationsProceedsOnAuctionSaleProceedsPercentage
0.89
CY2019 rba Guarantor Obligations Proceeds On Auction Sale
GuarantorObligationsProceedsOnAuctionSale
63612000
CY2019 rba Guarantor Obligations Proceeds On Auction Sale Proceeds Percentage
GuarantorObligationsProceedsOnAuctionSaleProceedsPercentage
0.39
CY2019 us-gaap Tax Adjustments Settlements And Unusual Provisions
TaxAdjustmentsSettlementsAndUnusualProvisions
6000000
CY2020Q1 us-gaap Tax Adjustments Settlements And Unusual Provisions
TaxAdjustmentsSettlementsAndUnusualProvisions
1000000

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